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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,240 10,900 12,700 660 25,500 $ 1,410 8,200 11,900 650 22,160 9,700 51,271 60,971 $86, 471 9,700 39,670 49,370 $71,530 Assets Current assets. Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current abilities Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bondus payable Total liabilities Stockholders' equity. Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders equity Total liabilities and stockholdere equity $20,400 1,000 270 21,670 $18,200 790 270 19.260 9500 31,170 9.500 201760 600 4.000 4.600 150/1202 55,301 $86,471 600 4,000 4.600 38,170 42.270 $71.530 This Year Last Year $83,085 $64,000 43,050 33,000 40,035 31,000 Sales Cost of goods sold Gross margin Selling and administrative expenses : Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 10,600 7,200 17,800 22, 235 950 21,285 8,514 12,771 240 12,531 38,170 $50, 701 10,100 6,400 16,500 14,500 950 13,550 5,420 8,130 600 7,530 30, 640 $38,170 Required: Compute the following financial data for this year: 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answe 2. Average collection period. (Use 365 days in a year. Round your intermediate calculatic 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations ar 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal 6. Total asset turnover. (Round your answer to 2 decimal places.) days 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days